BLQ Management: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BLQ Management
Largest movements
- Tangible fixed assets -€94,456
down €94,456 (-7.1%), from €1.3m to €1.2m
of which Land and buildings: -€58,282
- Receivables within one year -€92,783
down €92,783 (-26.7%), from €348,083 to €255,301
of which Other amounts receivable: -€146,305
- Reserves -€72,562
down €72,562 (-4.4%), from €1.7m to €1.6m
- Debts after one year -€63,554
down €63,554 (-9.6%), from €660,037 to €596,483
- Short-term financial debts -€37,500
no longer reported in 2025 (was €37,500)
- Other operating charges +€113,886
up €113,886 (+2864.9%), from €3,975 to €117,861
- Financial income -€56,716
down €56,716 (-80.9%), from €70,145 to €13,428
- Staff costs -€20,803
down €20,803 (-25.1%), from €82,989 to €62,187
- Taxes -€19,278
down €19,278 (-99.1%), from €19,448 to €170
- Gross operating margin -€7,316
down €7,316 (-3.7%), from €196,712 to €189,397
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,737,422 | €2,559,570 | -€177,851 | -6.5% |
| Fixed assets | 21/28 | €2,296,262 | €2,201,806 | -€94,456 | -4.1% |
| Tangible fixed assets | 22/27 | €1,329,462 | €1,235,006 | -€94,456 | -7.1% |
| Land and buildings | 22 | €1,270,998 | €1,212,716 | -€58,282 | -4.6% |
| Plant, machinery and equipment | 23 | €547 | €262 | -€285 | -52.1% |
| Furniture and vehicles | 24 | €13,531 | €22,027 | +€8,496 | +62.8% |
| Other tangible fixed assets | 26 | €44,385 | - | -€44,385 | |
| Financial fixed assets | 28 | €966,800 | €966,800 | = | 0.0% |
| Current assets | 29/58 | €441,160 | €357,764 | -€83,396 | -18.9% |
| Amounts receivable within one year | 40/41 | €348,083 | €255,301 | -€92,783 | -26.7% |
| Trade receivables | 40 | €20,933 | €74,455 | +€53,522 | +255.7% |
| Other amounts receivable | 41 | €327,150 | €180,846 | -€146,305 | -44.7% |
| Cash at bank and in hand | 54/58 | €85,669 | €86,316 | +€647 | +0.8% |
| Deferred charges and accrued income | 490/1 | €7,408 | €16,147 | +€8,740 | +118.0% |
| Total equity and liabilities | 10/49 | €2,737,422 | €2,559,570 | -€177,851 | -6.5% |
| Equity | 10/15 | €1,662,008 | €1,589,446 | -€72,562 | -4.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,661,908 | €1,589,346 | -€72,562 | -4.4% |
| Distributable reserves | 133 | €1,661,908 | €1,589,346 | -€72,562 | -4.4% |
| Amounts payable | 17/49 | €1,075,414 | €970,125 | -€105,289 | -9.8% |
| Amounts payable after more than one year | 17 | €660,037 | €596,483 | -€63,554 | -9.6% |
| Financial debts | 170/4 | €660,037 | €596,483 | -€63,554 | -9.6% |
| Amounts payable within one year | 42/48 | €415,377 | €373,642 | -€41,735 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €63,118 | €63,471 | +€353 | +0.6% |
| Financial debts | 43 | €37,500 | - | -€37,500 | |
| Credit institutions | 430/8 | €37,500 | - | -€37,500 | |
| Trade debts | 44 | €5,601 | €7,166 | +€1,564 | +27.9% |
| Suppliers | 440/4 | €5,601 | €7,166 | +€1,564 | +27.9% |
| Taxes, remuneration and social security | 45 | €35,042 | €16,618 | -€18,424 | -52.6% |
| Taxes | 450/3 | €19,256 | €9,098 | -€10,158 | -52.8% |
| Remuneration and social security | 454/9 | €15,786 | €7,519 | -€8,267 | -52.4% |
| Other amounts payable | 47/48 | €274,116 | €286,388 | +€12,272 | +4.5% |
| Remuneration, social security and pensions | 62 | €82,989 | €62,187 | -€20,803 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,048 | €62,000 | -€2,047 | -3.2% |
| Other operating charges | 640/8 | €3,975 | €117,861 | +€113,886 | +2864.9% |
| Gross operating margin | 9900 | €196,712 | €189,397 | -€7,316 | -3.7% |
| Operating profit (loss) | 9901 | €45,700 | -€52,652 | -€98,352 | |
| Financial income | 75/76B | €70,145 | €13,428 | -€56,716 | -80.9% |
| Recurring financial income | 75 | €70,145 | €13,428 | -€56,716 | -80.9% |
| Financial charges | 65/66B | €28,468 | €33,169 | +€4,701 | +16.5% |
| Recurring financial charges | 65 | €28,468 | €33,169 | +€4,701 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €87,377 | -€72,392 | -€159,769 | |
| Income taxes | 67/77 | €19,448 | €170 | -€19,278 | -99.1% |
| Profit (loss) for the period | 9904 | €67,929 | -€72,562 | -€140,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,929 | -€72,562 | -€140,491 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.